Core Insights - Montreal-based Formula Growth has acquired a new position in Laureate Education, purchasing 111,000 shares valued at $3.5 million, representing approximately 1.25% of the fund's reportable U.S. equity assets as of quarter-end [2][3]. Company Overview - Laureate Education reported a revenue of $1.58 billion and a net income of $203.71 million for the trailing twelve months (TTM) [5]. - The company's stock price as of the last market close was $33.83, reflecting an impressive one-year price change of 86% [5]. Recent Performance - In the third quarter, Laureate Education achieved revenue of $400.2 million, marking a 9% year-over-year increase, with adjusted EBITDA rising to $94.8 million [12]. - Total enrollments increased by 6% year to date, with particularly strong growth observed in Peru [12]. Financial Position - Laureate Education ended the quarter with $241 million in cash and $102 million in debt, resulting in a net cash position [12]. - The management has raised full-year guidance and expanded its share repurchase authorization to $250 million, indicating confidence in the company's free cash flow durability [12]. Business Model - Laureate Education provides undergraduate and graduate degree programs in various fields through a network of universities and higher education institutions in Mexico, Peru, and the United States [9][10]. - The company primarily generates revenue from tuition and related educational services, targeting students seeking higher education, especially in emerging markets in Latin America and select U.S. locations [9].

Core Viewpoint - Bayer has launched the "Science Delivers" campaign to celebrate the impact of science on daily life and its contributions to health, technology, and future innovations [1] Group 1 - The campaign aims to highlight how science provides answers, hope, and progress for Americans [1] - It emphasizes the role of science in medicine, technology, and innovations that enhance quality of life [1] - The initiative is launched on World Science Day, underscoring the importance of science in society [1]